Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) Declares Monthly Dividend of $0.14

Fidelity Systematic Municipal Bond Index ETF (NASDAQ:FMUN) declared a monthly dividend on Monday, September 28th. Investors of record on Tuesday, September 29th will be given a dividend of $0.1430 per share on Thursday, October 1st. This represents a $1.72 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 29th. This is a 1.4% increase from Fidelity Systematic Municipal Bond Index ETF’s previous monthly dividend of $0.1410.

Fidelity Systematic Municipal Bond Index ETF Stock Performance

FMUN stock opened at $46.79 on Tuesday. Fidelity Systematic Municipal Bond Index ETF has a 52 week low of $46.32 and a 52 week high of $51.25. The company’s 50-day simple moving average is $49.03 and its 200 day simple moving average is $49.75.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Financial Planning Fort Collins LLC increased its holdings in shares of Fidelity Systematic Municipal Bond Index ETF by 1.6% during the second quarter. Financial Planning Fort Collins LLC now owns 37,887 shares of the company’s stock worth $1,909,000 after purchasing an additional 594 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Fidelity Systematic Municipal Bond Index ETF in the second quarter valued at approximately $639,000. Nwam LLC acquired a new stake in Fidelity Systematic Municipal Bond Index ETF during the second quarter worth approximately $350,000. Quantinno Capital Management LP acquired a new stake in Fidelity Systematic Municipal Bond Index ETF during the first quarter worth approximately $254,000. Finally, Kestra Advisory Services LLC grew its position in Fidelity Systematic Municipal Bond Index ETF by 22.5% during the first quarter. Kestra Advisory Services LLC now owns 4,109 shares of the company’s stock worth $204,000 after buying an additional 754 shares in the last quarter.

Fidelity Systematic Municipal Bond Index ETF Company Profile

The Fidelity Systematic Municipal Bond Index ETF aims to provide a high current yield exempt from federal income tax by investing at least 80% of its assets in municipal securities included in the Fidelity Systematic U.S. Municipal Bond Index.